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Identify two accounts on tootsie roll's balance sheet that provide evidence that tootsie roll uses accrual accounting (different from the two you listed for Hershey). In each case, identify the inco
All other accounts will remain unchanged. what the change in net working capital resulting form the addition of the microbrewery ?
Although they had no interest expense, the firm did have an increase in net working capital of $20 million. What is Bubba's free cash flow?
When an employee embezzles company funds from an electric utility company for the purpose of paying expenses of an anti-nuclear protest organization, the fraudster's motive is said to be:
The initial investment required for the project is $80,000, and the project's cost of capital is 15%. The risk-free interest rate is 5%. what is the NPV for this project ?
Which one of the following distributions is nontaxable?
Assume perfect capital markets. If Taggart borrows until they achieve a debt-to-equity ratio of 20%, then what Taggart's levered cost of equity would be ?
Charger's president earns a bonus equal to 10 percent of income in excess of $100,000. Income for the year was $150,000. This bonus is paid in May of the following year and any expense is charged to
the IPO is a big success with investors, and the share price rises to $35 the first day of trading. what is the amount that Wyatt Oil raised during the IPO ?
There are three characteristics associated with most fraud. The characteristic that often takes more time and effort and leaves behind more evidence than other types of fraud is called ??
Mobile Co. issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, what amount the borrower will pay:
Calculate ending inventory and cost of goods sold at June 30, 2012, using the specific identification method. The June 7 sale consists of fishing reels from beginning inventory, the June 15 sale con
cumulative earnings for the year prior to this week, $5,500; Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.
The progress billings during 2011 were $3,000,000 and the cash collected during 2011 was $2,000,000. Eilert uses the percentage-of-completion method. At December 31, 2011, Eilert would report Constr
Partner A has a capital balance of $20,000 and devotes full time to the partnership. Partner B has a capital balance of $30,000 and devotes half time to the partnership. In what ratio is net income
salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Yolanda?
Prepare journal entries (1, 2, and 4) and show proper disclosure (3) to reflect the following treasury stock transactions showing how each is accounted for under the cost method. (Show computations.
After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000. What amount of loss on realization should be allocated to Soledad?
Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash ass
The treasury shares were acquired by Abel at a cost of $xx per share, and are accounted for under the cost method. On the date of the exchange, the common stock had a market value of $xx per share (
Reporting Stockholders' Equity and Determining Dividend Policy Incentive Corporation was organized in 2009 to operate a financial consulting business. The char-ter authorized the following capital s
An investor purchased 500 shares of common stock, $25 par, for $21,750. Subsequently, 100 shares were sold for $47.50 per share. What is the amount of gain or loss on the sale?
On January 2, 2010, the Hanover Company purchased some office equipment for $20,000. The equipment is expected to have a useful life of five years and a salvage value of $2,000. The depreciation to
The current period statement of cash flows includes the flowing:what is the cash balance at the end of the period ?
How does the balanced scorecard approach differ from traditional approaches to performance measurement? what if anything distinguishes the balnaced scorecard approach from measure everything and you